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GES contributes to public consultation on EU Framework for Public Reporting by Companies

GES contributes to public consultation on EU Framework for Public Reporting by Companies

21 July 2018

GES submitted its contribution to the public consultations process held by Directorate-General for Financial Stability, Financial Services and Capital Markets Union of the European Commission on the EU Framework for Public Reporting by Companies. This consultation sought stakeholder views on whether the EU framework for public reporting by companies is fit for its purpose. The objectives of this fitness check were:

to assess whether the EU public reporting framework is overall still relevant
for meeting the intended objectives, adds value at the European level, is
effective, internally consistent, coherent with other EU policies, efficient and not
unnecessarily burdensome;

to review specific aspects of the existing legislation as required by EU law2; and

to assess whether the EU public reporting framework is fit for new challenges
(such as sustainability and digitalisation).